Note: USDX: Waiting: We are in a range and MACD has convergence for a MOVE Down. We have either an ABC pattern for the down move or is it a 1234 wave pattern for the up move? USD pairs should prove it out when the market opens. All of this could change in a heartbeat and will affect the currencies below. ATR’s overall are much lower than last week (GBPUSD is the same) and will change again on Sunday – use as a reference. BE SMART - TRADE WITH STOPS!!!!$EURUSDWhat ProAct Traders See: Bullish: We are currently @ 1.1720 in a possible abc correction. We have the start of convergence for the upside move on the 60 min MACD. A continuation here would most likely take out the R5 resistance @ 1.1990-2000 area. Watch the USDX for direction. The ATR for the pair currently is 67 pips. ¬¬¬…………………………………………………$USDJPY What ProAct Traders See: Waiting: We are currently @ 105.31 in a range. We are looking for either a continuation to the range top @ 106.50 or the range bottom @ 104.00. Watch the USDX for direction. The average daily true range (ATR) for the pair currently is only 44 pips. ……………………………………………….. $GBPUSDWhat ProAct Traders See: Waiting: We are currently @ 1.2935 in a range. A couple of different scenarios: 1: Bullish: a continuation here look for a move back to the square up @ 1.3122 and maybe to the R^ @ 1.3300 area. 2: Bearish: A break down here means the current move is a descending wedge and might take out the 1.2673 before bouncing. Watch the USDX for direction. The average daily true range (ATR) for the pair is 127 pips.…………………………………………………$AUDUSD What ProAct Traders See: Waiting: We are currently sitting @ 0.7079 in a range. A couple of different scenarios: 1: Bullish: a breakout here look for a move back to the 0.382 Fibo @ 0.7258. 2: Bearish: A break down here means the current move is a flag and might take out the 0.7006 before bouncing. Watch the USDX for direction. The average daily true range (ATR) for the pair currently is 64 pips. Chart Graphics - click to open hit ESC to come back